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Re: WOOFERHEAD post# 1669

Tuesday, 05/17/2022 12:53:15 AM

Tuesday, May 17, 2022 12:53:15 AM

Post# of 2897
To evaluate the extent of the oil column within the Alkaid horizon immediately below the total depth at Alkaid #1. Alkaid #1 was terminated within the oil zone due to flooding of the Dalton Highway at the time. Based on seismic and other analytical analysis, the Company believes the Alkaid horizon's oil zone is substantially thicker than reported to date, offering the potential for additional resource growth.

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